Ripple Coin looks really interesting. Need to understand it more

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Ripple Coin looks really interesting. Need to understand it more

Post by Admin on Wed Jan 07, 2015 7:32 pm

Apparently it's the second largest coin now. I'm trying to get my head around how it does it's own exchange?

"At its core, Ripple is based around a shared, public database or ledger.[3] In addition to balances, the ledger holds information about offers to buy or sell currencies and assets, creating the first distributed exchange. Participants in the network agree to changes in the ledger via a process called consensus which is reached every 2–5 seconds. The consensus process allows for payments, exchanges and remittance in a distributed process.[4] The consensus model has been claimed to be "not be safe in all circumstances" by Professor David Mazieres of Stanford's secure computing group."

http://en.wikipedia.org/wiki/Ripple_(payment_protocol)

1 Ripple is $0.0209 and has a market cap of $ 640,886,811

That's 99,999,666,812 coins.... a lot of coins!
http://coinmarketcap.com/currencies/ripple/

I've heard my poker mates talk about this a fair bit too. So may be worth looking into or at least trying to understand.

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Re: Ripple Coin looks really interesting. Need to understand it more

Post by Admin on Wed Jan 07, 2015 7:53 pm

Interesting views from Andreas:

https://www.youtube.com/watch?v=uwAXWnpCqjM&feature=youtu.be&t=13m10s

Seems he likes the idea but doesn't like the fact they pre-mined loads of the coins

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